In 2020, the Hungarian economy has proven to be more resilient than the average European Union

SZTNH: Hungary is on the path to development in intellectual property protection

It ranks first in the list of 53 countries, with a rating of 78.23 percent, ahead of the regional average.

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The National Intellectual Property Office (SZTNH) said Saturday that Hungary ranks 15th in the annual International Intellectual Property Protection Index of the American Chamber of Commerce, overtaking the Israeli, Polish and Canadian economies.

The International Intellectual Property Protection Index (IP Index) measures the stimulus and effectiveness that each country has developed for a system to encourage innovation. The Ninth Edition of the Intellectual Property Index examined the IP framework for 53 global economies based on 50 unique indicators.

Hungary ranks first in the list of 53 countries, with a rating of 78.23 percent, ahead of the regional average.

In the announcement, SZTNH President Gyula Pomazzi said Hungary was 15th in the ranking, similar to last year, however, compared to 2020, the country’s performance improved by 2.4 percentage points.

The study highlights the forward-looking transformation of the European Union’s trade secret directive into Hungarian law. The head of the office added that tax incentives for research and development and intellectual property protection, as well as the country’s robust and developed intellectual property system, were evaluated as positive.

Giula Pumazzi stated that SZTNH deals with raising awareness of companies and universities in the field of intellectual property protection as a priority task. In this way, they not only achieve a monopoly in the use of their own ideas, but also make the Hungarian economy more resistant to impacts and succeed.

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Last year’s results also show that actors in the Hungarian economy are on the right track: despite the pandemic, the number of notifications submitted at the national level in almost all forms of protection increased in 2020 compared to the previous year, and this trend has continued this year as well.

In the first quarter of the year, the number of newly filed patent applications increased by nearly 14 percent, and the number of trademark applications increased by nearly 32 percent compared to the same period the previous year, according to SZTNH.

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